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<br />M I N U T E S <br /> <br /> <br />Eugene City Council <br />Work Session <br />McNutt Room—Eugene City Hall <br /> <br /> January 25, 2006 <br /> Noon <br /> <br />COUNCILORS PRESENT: Jennifer Solomon, Betty Taylor, David Kelly, Gary Papé, Chris Pryor, <br />Andrea Ortiz, Bonny Bettman. <br /> <br />COUNCILORS ABSENT: George Poling. <br /> <br /> <br />Her Honor Mayor Kitty Piercy called the meeting of the Eugene City Council to order. <br /> <br /> <br />A. WORK SESSION: Measure 37 Givings Tax <br /> <br />The council was joined for the item by City Attorney Glenn Klein. City Manager Dennis Taylor compli- <br />mented staff on the work done on this item. He noted that Ballot Measure 37 led the City into uncharted <br />territory and it was difficult to know how to proceed. <br /> <br />Mr. Klein reviewed four options for collecting a tax or a charge to create a fund to pay compensation <br />claims, outlined in the Agenda Item Summary (AIS) and attachments A through D. <br /> <br /> Option 1—Tax on ‘upzonings’ <br /> <br /> Option 2—Tax on City investment <br /> <br /> Option 3—Tax on increase from legislative change <br /> <br /> Option 4—Tax on capital gains <br /> <br />Mr. Klein noted that Sue Cutsogeorge, Financial Analysis Manager for the Central Services Department, <br />was available to answer questions. <br /> <br />Mayor Piercy called for questions and comments from the council. <br /> <br />Ms. Bettman complimented Mr. Klein and Ms. Cutsogeorge on the clarity of the materials in the AIS. She <br />disagreed with the staff recommendation to do nothing at this time. She indicated she was not interested in <br />the second option, which would utilize a tax on increased property values brought about by a local <br />investment by the City. She also would not support the fourth option, which would tax the difference <br />between a property’s purchase price and its current worth after improvements. She supported further <br />exploration of options 1 and 3, however. <br /> <br /> <br /> <br />MINUTES—Eugene City Council January 25, 2006 Page 1 <br /> Work Session <br /> <br />